Texas is the second largest economy in the United States, with a gross state product of more than $1.2 trillion — approximately equal to the GDP of India or Canada. Site Selection Magazine rated Texas the most business-friendly state in the nation in 2011, and Texas also ties with California for the honor of hosting the most Fortune 500 companies in America. And Texas’s unusually lenient tax code, which makes the state friendly to businesses, is also easy on its citizens, as the Lone Star State is one of only seven states without an income tax.
Most MBA jobs in Texas are clustered around Houston and Dallas, the two largest cities in the state. While the popular imagination accurately associates Texas with the agriculture and energy industries, the state also offers opportunities in other sectors. Technology is particularly prominent, with the state hosting NASA’s Lyndon B. Johnson Space Center as well as Lockheed-Martin’s aeronautics division; a portion of Austin has even come to be known as the the “Silicon Hills.” The wealth of opportunities in these and other industries, and the possibility of climbing to the highest levels of numerous international corporations, makes Texas a very attractive destination for MBA graduates.